We are creating a market for impact to drive philanthropy.
Funders pour money into nonprofits in pursuit of philanthropic wins. But few – very few – have the capacity to determine the impact of their grants. The lack of a credible rating system for nonprofits leads to billions in wasted dollars.
ImpactMatters, a 501(c)3, is solving this problem through what we’ve dubbed “impact audits.” The audits certify whether the claims made by nonprofits about their impacts are supported by a professional assessment of the relevant data. The benefits of an impact audit are two-fold. It gives funders the right information to make decisions that maximize impact, using objective estimates that meet the highest professional standards. For nonprofits, the impact audit gives pragmatic advice on how to improve evaluation and learning and accurately communicate impact.
Our vision is ambitious. We seek to reshape philanthropy by creating an industry standard for assessment. Today, most nonprofits do not seek ratings because they suffer no penalty for eliding critical assessment. We envision a different reality: funders require applicants to undergo our impact audit (or someone else’s equally rigorous audit) before they make grant decisions – boosting funding for high impact programs and setting a high standard against which nonprofit’s must demonstrate effectiveness.
ImpactMatters conducts “impact audits” of nonprofits to rigorously estimate their philanthropic impact, compelling them and their funders to make evidence-based decisions.
We judge our own success based on the following metrics:
ImpactMatters charges a modest fee per impact audit, enabling us to scale up the number of audits we do. For more information, get in touch.